Since last week, New Listings and Closed Properties have increased while Active Option Contract and Pending decreased. The market saw more listings this week, but those were snapped up by 2,994 Closed properties (a whopping 1,055 increase from last week).
The Lease market had increases in New Listings and Closed Properties again while Pending Properties decreased. Increases were expected since this period included the first of the month when most new leases begin. Although there’s a high volume of New Lease Listings, the lease market remains inverted again. The volume was quickly absorbed by tenants. Expect a lease shortage and increased prices again this year.
Mark M Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
#DFWmark #REALTOR #MarketWatch #NewOptions #HeatingUp #InvertedMarket #HousingShortage #LeaseHome #Closed #NewListings
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